Planning

I noted recently that most people fail at financial new year’s resolutions. That may because of the tradition that the typical “resolution” is a light-hearted attempt at improving one’s self, many times uttered in a drunken state, without much of a plan for attainment. If you want to succeed, set a real, solid goal, devise ... Continue reading this article…

On December 30, 2006 I officially announced my financial goals for 2007. Before I set new goals for 2008, I should take a look at my progress this year. Below, I’ll cite the goals I set a year ago and evaluate my progress. Income: Generate $40,000 in revenue outside of my day job. I think ... Continue reading this article…

As the end of the year draws near, it’s a widespread custom for individuals to make internal promises, and call these promises “New Year’s resolutions.” The end of the year is a good time to look back on the past twelve months and determine what aspects of life did not live up to expectations and ... Continue reading this article…

To retire comfortably, you’ll need to have an income of 80 percent of your maximum pre-retirement income. That’s a common rule of thumb you hear trumpeted by financial planners. Unfortunately, it’s not accurate. It may give someone planning their retirement a basis for thinking about creating income during those years, whether from part-time work or income-producing ... Continue reading this article…

Back in December, I set some goals for myself for the upcoming year. Now that 2007 is halfway complete, it’s a good chance for me to take a look and see how I am doing in these particular pursuits. Income goal: Earn $40,000 in revenue outside of my day job. Stretch goal: $60,000. According to ... Continue reading this article…

Tired but happy asked whether she really has to declare her goals for 2007. Last week, I wrote about goals for 2007 in three parts: Share Your Goals, The Basics, and Flexo’s 2007 Goals) and inspired those already thinking about their goals to share the details online and possibly those who weren’t thinking about goals ... Continue reading this article…

I promised I would determine and publish my goals for the upcoming year by the end of the week. Giving myself a deadline motivated me to think about it. Here are my regular and stretch goals for 2007. They are SMART (specific, measurable, attainable, relevant, and time-based). I’ve tried not to include variables over which ... Continue reading this article…

Before I can define my financial goals for 2007, it’s nice to review the basics. What are goals? I think Etta Mae Westbrook, a “family economics” professor, explains it well [pdf]: * Goals state what you want to do or achieve. Goals will give your life direction. Financial goals will help you to determine where ... Continue reading this article…

I plan to use my time this week to review my financial progress in 2006 and set some concrete goals for 2007. I’ve never been a fan of concrete goals because so far, unexpected surprises have had effects on my progress every year for my adult life, sometimes positive, but sometimes negative. This unpredictability has ... Continue reading this article…

For those of us in the United States, Independence Day is coming up. Coincidentally, Consumerism Commentary began two years ago this month. This website is also concerned with independence — financial independence. Writing here forces me to take a look at my finances. I had to take a look at the many mistakes I made ... Continue reading this article…

Remember when I was happy to realize I would be receiving three paychecks in December? I miscalculated. However, I will be receiving three paychecks this month, with the third one coming in next Friday. It’s a good thing, too, since I’ve been feeling financially strained lately. It would have been nice to have that “surprise” ... Continue reading this article…

I looked at the calendar this weekend and realized that I have three paychecks coming to me in both October and December. That will definitely help ease my money issues since I budget for two paychecks monthly.

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